More success by the clever "bankster!" geniuses operating the "neoliberal conspiracy!" shifting all of the wealth up to the top.
Whatever the reasons, in 2014 and 2015, Deutsche reported cumulative losses of close to $16 billion, leading to a management change, with a promise that things would turn around under new management. The other dimension where this crisis unfolded was in Deutsche’s regulatory capital, and as that number dropped in 2015, Deutsche Bank's troubles moved front and center.
Musing on Markets